MENLO PARK, Calif.–(BUSINESS WIRE)–Sep 14, 2022–
A group of leading organizations, including Meta, REsurety, Broad Reach Power and others, announced the formation of the Energy Storage Solutions Consortium, a consortium to explore and maximize the greenhouse gas (GHG) reduction potential of power storage technology. The group’s goal is to create an open-source, third-party-verified methodology to measure the GHG benefits of some grid-connected energy storage projects, and ultimately help add tools for organizations to create reliable progress towards their net zero emissions goals. .
Once approved by third party Verra through the Verified Carbon Standard Program, the standard will be the first proven method to quantify the emissions benefits of large energy storage facilities, and will provide important guidance such as when to deploy the stored energy to deliver. maximum emissions reduction benefits.
“At Meta, we are committed to accelerating the transition to a carbon-free grid in the future, and large-scale energy storage is a critical part of that transition. Achieving 100% renewable energy for our global operations, we are now looking to help move the energy storage industry forward by solving next-level challenges and opening pathways that help drive high-impact reductions of grid emissions,” said Peter Freed, director. of Meta’s energy strategy. “We are excited to launch this consortium in partnership with industry-leading organizations, which will bring diverse perspectives and experience in developing a robust, transparent approach.”
“We need to decarbonize the grid as soon as possible, and to do that we need to maximize the emission impacts of all technologies connected to the grid – whether generation, load, hybrid or standalone storage,” said Adam Reeve, SVP of software solutions at REsurety. “Enabling this type of decarbonizing activity is exactly why we are investing in creating high-resolution Locational Marginal Emissions. Energy storage is a technology with great potential, and we are happy to collaborate with industry leader in this forward-thinking and collaborative effort to create a global standard for the benefits of energy storage.
“Battery storage will play an increasingly important role in delivering reliable and affordable power to homes and businesses as we move toward a 100% renewable energy grid. As the leading utility-scale platform of US battery storage, we look forward to working with other industry leaders to quantify the significant GHG reduction benefits of many energy storage facilities and help organizations take action on climate,” said Paul Choi, EVP of Broad Reach Power sources.
To calculate the GHG benefits of large-scale energy storage facilities, the consortium will use marginal location emissions. This concept measures the tons of GHG emissions lost by charging and discharging energy storage facilities on the grid at a specific location and point in time.
In addition to the members of the steering committee Meta, REsurety and Broad Reach Power, the consortium includes several members of the advisory committee. These advisory members include leading technology companies, emissions data providers, investors, storage developers and service providers, and non-governmental organizations among others.
Members include:
3Degrees Group, Inc., Akamai Technologies, Clearloop, Equilibrium Energy, Fluence, General Motors, GlidePath Power Solutions, Habitat Energy, Hannon Armstrong, Jupiter Power, Longroad Energy, Marathon Capital, Microsoft, Primergy Solar, Quinbrook Infrastructure Partners, RES Group, Rivian, Rowan Digital Infrastructure, Stem, Tabors Caramanis Rudkevich, TimberRock, UBS Asset Management, and WattTime.
The Energy Storage Solutions Consortium also collaborates with Perspectives Climate Group, the German consultancy dedicated to helping its clients achieve net zero GHG emissions and to develop practical solutions for accounting for emission reductions from innovative climate-friendly technologies.
About Meta Platforms, Inc.
Meta builds technologies that help people connect, find communities and grow businesses. When Facebook launched in 2004, it changed the way people connect. Applications like Messenger, Instagram and WhatsApp increasingly empower billions around the world. Today, Meta is moving beyond 2D screens towards immersive experiences such as augmented and virtual reality to help build the next evolution of social technology. about.facebook.com
About REsurety
REsurety is the leading analytics company powering the clean energy economy. Operating at the intersection of weather, power markets and financial modeling, we enable industry decision makers to thrive through best-in-class value and risk intelligence, and the tools to act on it. For more information, visit www.resurety.com or follow REsurety on LinkedIn.
About Broad Reach Power
Broad Reach Power is the leading utility-scale battery storage platform in the United States. Based in Houston, Broad Reach is backed by leading energy transition investors, EnCap Investments LP, Apollo Global Management, Yorktown Partners and Mercuria Energy. The company owns a 21 GW portfolio of utility-scale battery storage and renewable power projects across the US, providing utilities, generators, and customers with access to technological pan- and tools for managing merchant electricity risk so they can better match supply and demand. For more information about the company, visit www.broadreachpower.com.
See the original version on businesswire.com:https://www.businesswire.com/news/home/20220914005330/en/
CONTACT: Stacey Yip, Meta
staceyyip@fb.com
(650) 407-0610
Tara Bartley, REsurety
tbartley@resurety.com
(774) 232-1220
Morgan Moritz, Wide Achieving Power
mmoritz@piercom.com
(512) 745-2575
KEYWORD: CALIFORNIA TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY PROFESSIONAL SERVICES DATA ANALYTICS METAVERSE OTHER ENERGY UTILITIES CLIMATE CHANGE ALTERNATIVE ENERGY ENERGY GREEN TECHNOLOGY APPS/APPLICATIONS SOFTWARE ENVIRONMENTAL, SOCIAL AND GOVERNATIONS
SOURCE: Energy Storage Solutions Consortium
Copyright Business Wire 2022.
PUB: 09/14/2022 05:00 AM/DISC: 09/14/2022 05:03 AM
http://www.businesswire.com/news/home/20220914005330/en
